The Abu Dhabi International Market (ADGM) entered into a strategic partnership with Chainlink, aiming to enhance its organizational framework for distinctive technologies and emerging financial technologies.
This cooperation is part of a wider effort to develop a compatible and safe environment for digital assets within the United Arab Emirates.
By taking advantage of ChainLink’s infrastructure, Adgm seeks to place itself as a global pioneer in the supervision of Blockchain and innovation in decentralized financing (Defi).
ChainLink in this partnership includes providing technical guidance and supporting the Blockchain projects that operate within the ADGM jurisdiction.
The agreement also clarifies a road map to host educational initiatives and discussions on topics such as interfering operating across the chain and proving reserves.
ChainLink 19 tons processes in Blockchain data
ChainLink, the decentralized Oracle network, has processed more than $ 19 trillion of transactions through inter -operating services and data services.
These services allow them to communicate safely with each other and data sources in the real world, making smart contracts more reliable and developed.
As part of the Memorandum of Understanding (MOU), ChainLink will provide Blockchain registered companies, AdGM, access to their infrastructure, which is widely used by financial institutions to verify data and transaction security.
This step can improve confidence in smart contract systems by enabling micro -data transmission processes via Blockchains.
ChainLink tools will also help organizes to monitor the performance and compliance of Blockchain financial services more effectively.
cooperation It will include workshops designed to explain how proof of reserves and messages across the chain can enhance transparency and reduce operational risks.
Focus on the distinctive code and smart contracts
One of the main focus of the partnership is to develop the standards of the distinctive symbol – converting traditional assets such as stocks and property into digital symbols on Blockchain.
ADGM and ChainLink will host joint sessions to explore how to improve the distinctive symbol of asset liquidity, simplification trading, and low income barriers for investors.
These sessions will be directed towards both organizers and the private sector, with the aim of removing the ambiguity and opportunities involved in the use of Blockchain to manage assets.
By focusing on standards and frameworks, the two organizations intend to help form the best global practices for digital asset management.
This comes at a time when the distinctive symbol acquires momentum worldwide, as it also explores financial centers such as Singapore, London and Zurich organizational models.
ADGM approach focuses on combining innovation and compliance, especially in areas where smart contracts are used to facilitate automatic asset transfer operations and settlements.
The Middle East expands Blockchain
ADGM is located in the United Arab Emirates, a major global financial center that oversees a set of financial services, including regulating digital assets.
Her partnership with ChainLink indicates a wider effort to support Blockchain innovation throughout the Middle East while ensuring the presence of regulatory controls.
Under the Memorandum of Understanding, ChainLink will help develop regulatory frameworks that can apply to artificial intelligence systems (AI) associated with Blockchain platforms.
These initiatives aim to protect financial systems from emerging technical risks while enabling the adoption of advanced financial tools faster.
Cooperation can also pave the way for other regional organizers to adopt similar models, especially since Blockchain’s financial applications go beyond the cryptocurrency to sectors such as insurance, asset management and lending.
The leadership of the United Arab Emirates Blockchain
Through this memorandum of understanding, ADGM and ChainLink takes concrete steps to integrate Blockchain into the financing prevailing under an organized structure.
This step is in line with the broader UAE strategy to become a global center for digital innovation, providing infrastructure compatible with the ecosystems of the series.
By combining Chainlink’s technical experience with ADGM’s organizational power, the partnership aims to create a safe and developmental basis for the growth of Blockchain in the future.
This not only enhances the credibility of the Blockchain projects that operate within the United Arab Emirates, but also can affect how global judicial authorities deal with regulating digital assets in the coming years.
Abu Dhabi partners appeared in Abu Dhabi with a series of global portfolio standards
